Why Britain's housing market is losing momentum as mortgage rates rise again

Britain's housing market saw momentum slow in July, with prices remaining flat. Higher mortgage rates and economic uncertainty are impacting buyer demand significantly. Northern Ireland and Scotland recorded the strongest annual price growth across the country. Southern regions experienced price declines, widening the north-south divide. The market faces a weaker second half of 2026 due to borrowing costs.

By TOI REAL ESTATE DESK